The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-10


Mr.. Emery, ss the new committee,
bad to tell the evening meeting that
the new Committee was not much
more successful than tbs old one, and
New York hadn't much to boast Of az
TO the way Mr.. Henry s. Ives treated
this part OF the universe In preference
to the Cincinnati part. Chairman Ev.
ans aud Lawyer Thompson, confirm
ing the sarcastic remarks OF Colleague
Emery, reported that Mr.. Ives, when
formally waited on, had calmly Insist
Cd thot he was prepared to attend to
his own business In his own way. But
as a mark Of high favor he had volun.
teered 10 prepare "full statement OF
all Of his Affairs no far as the Cincin-
natl, Hamilton aud Dayton railroad
wss involved, and that statement he
promised to have here at this meet.
Ing. Then the score OF gentlemen
eolmnly sat down aud waited until 10
O'Clock. There was o knock at the
meeting room door. 1.-THE statement"
all brated up to get the important
information at hand Alael this Is a
weary snd disappointing world. In-
stead Of q statement In walked Mr..
Henry 3. Ives In person. He had Just
called, he said, cheerily, to explain
that II II was q statement the gentle
men were waiting for they might as
we'll 90 home. He bad thought the
matter over come m ore, he said, after
the committee had left bis Office, and
he bad concluded that he was too
tired to 20 to worrying over figures on
an August night. But perhaps he
would have q statement within the
ensuing twenty-four hours. Would
the gentlemen call at noon today 2
And with all the rative penisllty OF q
lamb he esid, Good night"
IL was q mighty poor place for a
Sunday school class right around there
Tor minute or two after that. At noon
today Ivee's office will b. Gro wded 70
tight that he will hardly be able TO
edge in Bis usual cargo OF smiles. Two
conferences were held by interested
people after last nights meeting broke
up 20 unsatisfsctorily. On only one
thing ara Cincinnati and New YORK
agreed: Ives and stayner must resign.
Cincinnati insists that the next presi-
don't Of the road shal bs banker A. s.
Winslow. Of Cincinnati, whose fellow
townsmsn, JOha Carlisle, they declare,
must bs superintendent. New York
wants TO put Gen. Sam Thorn as, OF
this city, st The head OF the corpora
ton. II Ives aud Stsyner we're TO 70.
sign at once there would still he q
lively fight. But that fight Is not
alsrDsinely imminent Just YET. Ives
is not one Of the resigning kind. At
least that's what he gaid himsslf last
night. a. he half smiled aud half
ensered at the repe ition OF q threat
that II he did not come quickly to
terms he would sec what an easy road
II 10 up the State toward q town called
Sing Sing.
Shortly before noon today tina com.
mittee appointed to investigate the
] vec management Of the Cincinnati,
Hamilton and Dayton road, met TO
listen TO any statement which Mr..
Ives might have 10 make. At noon
Mr.. Ives had not appeared. HIS part
ner, Mr.. Doremus, expressed doubts
ss 10 whether Mr.. Ives intended to
make any statement, but the mem.
bers Of the comniittee state ihst he
promised 10 make full and
Gtatenent OF the 81 airs OF
tho company. They also expect him
10 retigo, aud Christopher Meyer said
that II Mr.. Ives did not rec On today
the road .ill be thrown into the hands
Il receiver. Many OF the committee
think this the best course 10 take la
any event, 90 that the at ckholders
may be enabled 10 get at the books
and thoroughly inves igate the doings
OF Mr. Ives. Mr.. Meyer says Ga Q Gin
cinnsti people are complaining that
there 10 q shortage Of 5000, 900, aud
that II this cannot bs explained, Grim
irel proceedings will at once be insti.
Iutsd.
Th@s was great deal Of delay In
20 Ting things into shape for business,
but whei things we're arranged busi.
1eos was lively enough. The first
hing done was % receive the resigna-
ion OF President hteyner and Ives,
and the election Of A. 4. Winslow OF
az president, aud Christie
pher Meyer, Of New York, No vice.
president. Tho creditors appointed
, committee consisting OF Irving A.
hvens. 7. j. Emery and jams
Thompson, 10 meet q committee OF
ilrectors, consisting OF Julius Dexter,
Christopher Mayer and Harrison 10
lake ia ther steps In the reorgsniza.
lion Of the company The creditors
meet Immediately 10 begin
investigation OF the ana re oil the com.
pany.
A quorum OF the Board OF Directors
Of tho road WA present and there was
lut a mai GRITTY. Of one against the
preeent manasoment. Just before 9
o'clock, Mr.. Ives .ru he'd out, secured
4 big ledger In another Office and
ru-hsd back with the ledger on his
shoulder. He ttarted la 20 explain
m ,ttars 10 the other directors, but his
explanations did not seem TO bs re-
ceived With favor. When y reporter
asked him II he had resignsd he ss'd
he could not answer until 3 O'Clock.
When seked TO explain the situation
he waved his hand toward the cash-
Ter and oaid: "You Gee that va are
our liabilities NJ usual"
This mceiing adjourned until 10.
without finishing lie work.
Ives has turned over HE property 10
Waite. myef and ID xter az trustees,
and Ia trying 10 arrange with his cred.
torn 10 put their claims In the 20 ne
hands. Nothing will be- done on this
matter until morning. although the
consideration 81 the proposition has
led the Farmer L,sn and nu,t q m
pany 10 withdraw 100 shares OF DIN.
ctnnaii, Hamilton AID Dayton stock
n IN the suction ta'e tomorrow.
o. tho Exchange today, Doremus,
lves's partner, bought the 100 shares
sold yesterday ~ 40 from the buyers
and paid 100 fr hem. The stock.
holdere' committee have faiahed the
count Il the renal ling cfriiHcalrs Of
preferred stock, and and that about
N 10000 la, been issned. THIS IL
stated 20 be much less than was
feared. II Ia stated by the couusel ijr
lhA AH..Itla..t